Which of the Following Describes a Problem Created by Scarcity

question 114

Multiple Choice

Which of the following describes a problem created by scarcity?

• A) The course you need to take in the fall is offered at times that conflict with your work schedule.
• B) The White House eliminates tours due to budget constraints.
• C) Your cell phone battery is low and you screen a phone call from afriend in case your significant other calls later.
• D) All of these.

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Definitions:

Profit Motive

The intention or incentive to achieve financial gain in business or commerce, often seen as the primary driving force behind economic activities.

Productive Female

An individual female who contributes significantly to productivity, often in the context of work or reproduction.

Earnings Differentials

The variations in pay that result from differences in occupation, education, experience, gender, or other factors among workers.

Locational Characteristics

Refers to the attributes, features or factors of a place that affect its appeal to individuals, businesses, or investors.